Utah Administrative Code
Topic - Environmental Quality
Title R309 - Drinking Water
Rule R309-700 - Financial Assistance: State Drinking Water State Revolving Fund (SRF) Loan Program
Section R309-700-15 - Committal of Funds and Approval of Agreements
Universal Citation: UT Admin Code R 309-700-15
Current through Bulletin 2024-06, March 15, 2024
(1) The Executive Secretary, or designee, may execute the loan agreement, credit enhancement agreement, or interest buy-down agreement when the following are complete.
(i) All financial assistance authorization
conditions, as outlined in the Authorization Letter sent to the recipient, have
been met; including Division approval of all submitted legal documents and
other items required by this rule.
(ii) The recipient has received written plan
approval of the engineering plans and specifications for the authorized project
from the Division of Drinking Water.
(2) If the approved scope of work has changed significantly since the Board's initial authorization, the Board shall review the modified project scope of work to determine if it meets the Board's requirements. If satisfied, the Board shall authorize the Executive Secretary, or designee, to proceed with executing the loan agreement, credit enhancement agreement or interest buy-down agreement.
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